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Financial Ratios Research Reports

IRS Corporate Financial Ratios is an ideal reference for CPAs, controllers, bankers, CFOs, tax lawyers, financial analysts, investment advisors and corporate planners. This comprehensive annual reference features 76 key financial ratios calculated from the latest income statement and balance sheet data available from Internal Revenue Service corporate tax returns. Extensive and complete are the only words to describe this reference. Common financial ratios are presented as well as special ratios used by sophisticated business planners and analysts. One page per NAICS industry (over 250 in all) shows ratios for profitable firms versus firms with losses in up to four asset size classes. The extensive introduction fully describes each ratio, including how to calculate and interpret each financial ratio. IRS-CALC, an Excel spreadsheet, allows you to calculate your own ratios based on income statement and balance sheet data and compare them with industry norms. 26th edition.
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ISBN 1-932024-79-4
Book and IRS-CALC

300 pages
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$ 225 US
$ 325 US

Industry Spotlight is an excellent source of competitive financial intelligence.  This individualized reference features selected items from the balance sheet and income statement information of corporate tax returns filed with the Internal Revenue Service by companies in any one of 250+ industries.  Seventeen key financial ratios are also included.  Two pages are presented for each of eleven different size classes based on total assets so that a businessperson can see exactly what the competition's books look like.  Information for profitable companies is shown as well as that for unprofitable firms to aid in comparison.

Balance sheet items include:  total assets, cash, accounts receivable, inventory and accounts payable.  Income statement values include:  receipts, cost of goods sold, salaries and wages, employee benefit expense, officer compensation, bad debts, rent expense, interest expense as well as net income.

Financial ratios include:  inventory to sales turnover, inventory to costs turnover, gross margin, net margin, days accounts receivable outstanding, days payable, days working capital, days inventory, effective tax rate, tax credit use, and Z-score corporate credit worthiness. Definitions and guides to interpreting the ratios are also given.
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For a full list of industry reports available, see Report List or Report List By Industry Description.

The full set of 253 reports may be ordered on CD for only $ 495, which is less than $ 2 per report.
 

40 pages

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$ 34.99 US

Corporate Credit Outlook provides credit worthiness measures for each of over 4000 public and private companies along with comparison to industry peer norms. Uses of Corporate Credit Outlook include credit evaluation for loan officers and credit managers, investment analysis for stockbrokers or individual investors, insurance underwriting research for evaluating potential risk, and corporate management analysis for evaluating potential acquisition/divestiture/restructuring scenarios.

In 1968, Edward Altman, a financial economist and professor at New York University's Stern School of Business, developed the Z score which predicts corporate bankruptcy within one to two years. Studies have shown the model to be accurate with over 70% reliability. It was originally applied to manufacturing firms but has since been modified to apply also to service firms.

For each company in Corporate Credit Outlook, a Z score value is calculated from the latest published quarterly financial statements as well as an estimate for four quarters in the future. The Z Score is an index of corporate creditworthiness based on Altman's multiple discriminant analysis of financial data used to predict bankruptcy. The higher the Z score, the stronger the firm. Values above 3.0 indicate a strong, creditworthy company. Low Z scores, particularly below 1.8 indicate a company can potentially become a credit problem for suppliers, lenders, bond and equity holders. Negative values are especially indicative of problem companies which may have future credit difficulties.

Future values for liquidity as measured by the current ratio, productivity of capital as measured by total asset turnover, return on assets, effective interest rate, interest coverage ratio, cash generation rate, capital adequacy, excess cash flow, variation in net income and percent change in net income are also presented. For each industry peer group, mean values for the companies within the group are presented.

The report can be used as a reference in which to look up information for a specific company. Or the reader can compare all companies within a given industry group presented together. Listings are provided of the 1000 least creditworthy companies based on Z score and the 1000 most eroding credit companies based on change in Z score over time. Also included is a compilation of the company with the most underperforming credit expected in each industry group.

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Book only
Book and Database

270 pages
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$ 495 US
$ 595 US

Credit Risk Watch provides the highlights of corporate creditworthiness information for over 4000 public companies. In today's financial climate, it is more important than ever to be able to accurately assess corporate creditworthiness. One measure that has been in use since 1968 is Altman's Z Score. The Z Score predicts the likelihood of bankruptcy within two years with greater than 70% accuracy. The lower the score, the higher the risk of bankruptcy. Z Scores above 3 indicate bankruptcy is not likely while a score below 1.8 indicates it is likely.

In addition to the Z Score, Credit Risk Watch lists other financial ratios that measure factors which contribute to creditworthiness such as liquidity, capital productivity, return on assets, interest coverage, rate of cash generation, capital adequacy and excess cash flow. Each monthly edition of the Credit Risk Watch datafiles includes current values of these measures for each of over 4000 public companies and the industries they represent based on the latest published quarterly financial statements as well as a projection for each of these measures four fiscal quarters into the future.

The PDF report highlights the least creditworthy firms based on future Z Scores, the most eroding credits based on expected change in Z Scores, the most underperforming company in each industry group based on difference of Z Score from the group average. Every month an updated report and complete datafiles are provided.

Credit Risk Watch provides an invaluable tool to guide business executives to judge creditworthiness of potential partners, suppliers or customers. It helps credit managers evaluate credit risk and exposure. The report and datafiles provide valuable insights to financial analysts to aid in identifying and managing investment opportunities.

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Annual Subscription

12 monthly issues
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$ 149 US

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